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💰 Funding | Robotics company Machenta secures 40000000 USD seed funding

BlockBeats reports that October 30, London-based Imperial College London spinout robotics company Machenta announced the completion of 40000000 USD seed funding, co-led by Creandum and Union Square Ventures, reportedly the largest seed round to date for a UK robotics company. The company emerged from stealth this week and has a team of around a dozen people. It currently has no market-facing product.

Machenta was co-founded by Professor Edward Johns of Imperial College's Robot Learning Lab and his PhD student Vitalis Vosylius. Its foundation model is fully pretrained in simulated environments and does not require real-world demonstration data. After deployment, a single demonstration enables the robot to perform new physical tasks such as packing and organizing. The funds will be used to scale the model and expand the team based in London’s King’s Cross.

Original link https://m.theblockbeats.info/flash/374635